ROCHESTER HILLS, MI – Bankruptcy has improved General Motors Corp. and Chrysler LLC’s approach to parts procurement, but the tough economic environment in the U.S. has not changed Toyota Motor Corp.’s methods for the better, supplier executives participating in a roundtable here say.
“Toyota has forgotten its original concept,” says Nate Furuta, chairman and CEO of Toyota Boshoku America Inc. “It’s now more about dollars and cents and less on developing suppliers.”
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